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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 149.1 $ 99.5
Restricted cash 3.7 6.1
Accounts receivable, net 203.7 154.5
Inventories, net 314.0 311.7
Prepaid expenses and other current assets 30.2 26.9
Assets held for sale 6.1 0.0
Total current assets 706.8 598.7
Property, plant and equipment, net 221.0 270.6
Intangible assets, net 485.2 501.5
Other assets 13.1 18.9
Total assets 1,426.1 1,389.7
Current liabilities:    
Accounts payable 58.1 60.9
Accrued expenses 13.2 17.7
Accrued compensation 24.7 56.1
Other current liabilities 11.1 27.7
Liabilities held for sale 4.8 0.0
Total current liabilities 111.9 162.4
Debt 665.7 663.7
Deferred tax liability 60.4 41.7
Other liabilities 35.4 39.1
Total liabilities 873.4 906.9
Stockholders' equity:    
Preferred stock, $0.001 par value per share; 15.0 shares authorized, no shares issued or outstanding 0.0 0.0
Common stock, $0.001 par value per share; 200.0 shares authorized, 60.1 and 59.9 shares issued; 54.5 and 54.3 shares outstanding, respectively 0.1 0.1
Treasury stock, at cost, 5.6 and 5.6 common shares, respectively (227.7) (227.7)
Additional paid-in capital 930.8 928.0
Accumulated other comprehensive loss, net (6.1) (5.2)
Accumulated deficit (144.4) (212.4)
Total stockholders’ equity 552.7 482.8
Total liabilities and stockholders’ equity $ 1,426.1 $ 1,389.7